The Bitcoin market has recently seen a new wave of accumulation. Since March, the number of wallets holding Bitcoin that has been issued for less than six months has increased by 3.1% of the BTC supply, accounting for 5.6% of the total, indicating active purchasing behavior.
Bitcoin is consolidating near historical highs, with market participants remaining cautious, but new accumulation activities are brewing. In particular, newly emerged "whales" (wallets holding at least 1000 BTC with an age of less than 6 months) are actively accumulating Bitcoin.
According to CryptoQuant on-chain data, these new entrants' holdings more than doubled between March 1 and June 4, 2025, from about 500,000 BTC to 1.1 million BTC, worth about $63 billion, and this share of Bitcoin in the total circulating supply soared from 2.5% to 5.6%, also representing a major shift in the market structure.
Analysts further point out that our current focus is on the "supply held by new whales" indicator, which aims to filter out genuine new holding behaviors and excludes long-dormant cold wallets, thus more accurately reflecting the inflow of new capital into the market. This accumulation is seen as a potential precursor to supply tightening, typically associated with increased upward volatility.
The market is currently closely watching the fund flows of BTC holders, ETF positions, and the differences in derivatives financing and whale liquidity to seek clues about market direction. This trend may change significantly due to the entry of aggressive buyers before macro catalysts appear, thereby affecting the short-term trend of Bitcoin.
The latest observations from Glassnode align with findings from CryptoQuant, indicating that Bitcoin whale holders have resumed accumulation after a brief sell-off. These on-chain behaviors suggest that market confidence is strengthening following recent price consolidation and macro uncertainty.
According to the latest report from Sygnum Bank, the surge in institutional demand is leading to a shrinkage in Bitcoin supply, with ETF inflows causing exchange balances to decrease by 30%, which is also seen as a sign of long-term accumulation.
In addition, the interest of various governments (including the US, UK, Brazil, and China) in using Bitcoin as a reserve asset is accelerating, and Sygnum believes these key factors may trigger demand shocks and price volatility.
Conclusion:
The new holding trend in the Bitcoin market indicates that, even against the backdrop of price fluctuations and macro uncertainty, investors' interest in Bitcoin remains strong.
The emergence and accumulation behavior of the new "whale" group not only reflects the increased market confidence but may also signal a further rise in prices in the future.
With the increasing demand from institutions and the rising interest of governments in Bitcoin, the long-term outlook for Bitcoin appears to be more promising.
What do you think about the current trend of accumulating Bitcoin? In the current market environment, do you believe it is a good time to increase your Bitcoin holdings? Leave your thoughts in the comments!
#比特币增持 # cryptocurrency market #Bitcoin whale
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Bitcoin Accumulation Wave: Supply has surged by 3.1% since March
The Bitcoin market has recently seen a new wave of accumulation. Since March, the number of wallets holding Bitcoin that has been issued for less than six months has increased by 3.1% of the BTC supply, accounting for 5.6% of the total, indicating active purchasing behavior. Bitcoin is consolidating near historical highs, with market participants remaining cautious, but new accumulation activities are brewing. In particular, newly emerged "whales" (wallets holding at least 1000 BTC with an age of less than 6 months) are actively accumulating Bitcoin.
According to CryptoQuant on-chain data, these new entrants' holdings more than doubled between March 1 and June 4, 2025, from about 500,000 BTC to 1.1 million BTC, worth about $63 billion, and this share of Bitcoin in the total circulating supply soared from 2.5% to 5.6%, also representing a major shift in the market structure. Analysts further point out that our current focus is on the "supply held by new whales" indicator, which aims to filter out genuine new holding behaviors and excludes long-dormant cold wallets, thus more accurately reflecting the inflow of new capital into the market. This accumulation is seen as a potential precursor to supply tightening, typically associated with increased upward volatility. The market is currently closely watching the fund flows of BTC holders, ETF positions, and the differences in derivatives financing and whale liquidity to seek clues about market direction. This trend may change significantly due to the entry of aggressive buyers before macro catalysts appear, thereby affecting the short-term trend of Bitcoin.
The latest observations from Glassnode align with findings from CryptoQuant, indicating that Bitcoin whale holders have resumed accumulation after a brief sell-off. These on-chain behaviors suggest that market confidence is strengthening following recent price consolidation and macro uncertainty. According to the latest report from Sygnum Bank, the surge in institutional demand is leading to a shrinkage in Bitcoin supply, with ETF inflows causing exchange balances to decrease by 30%, which is also seen as a sign of long-term accumulation.
In addition, the interest of various governments (including the US, UK, Brazil, and China) in using Bitcoin as a reserve asset is accelerating, and Sygnum believes these key factors may trigger demand shocks and price volatility. Conclusion: The new holding trend in the Bitcoin market indicates that, even against the backdrop of price fluctuations and macro uncertainty, investors' interest in Bitcoin remains strong. The emergence and accumulation behavior of the new "whale" group not only reflects the increased market confidence but may also signal a further rise in prices in the future. With the increasing demand from institutions and the rising interest of governments in Bitcoin, the long-term outlook for Bitcoin appears to be more promising. What do you think about the current trend of accumulating Bitcoin? In the current market environment, do you believe it is a good time to increase your Bitcoin holdings? Leave your thoughts in the comments! #比特币增持 # cryptocurrency market #Bitcoin whale